Tag: Financial Technology

PayPal stock slips as earnings beat expectations but outlook comes up short

PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay’s transition to managing its own payments experience is happening more quickly than expected. While PayPal PYPL, +0.50% was the main payments partner for eBay EBAY, +0.83% in the initial years following the separation […]

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4 reasons the bitcoin price is challenging the $40,000 barrier

A rally by bitcoin on Monday wasn’t all about a help-wanted ad from Amazon.com Inc., crypto analysts said. The ad, seeking a “digital currency and blockchain product lead” got credit for getting the ball rolling as it stoked expectations the e-commerce and cloud computing giant could soon begin accepting bitcoin for payment. That theme was […]

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China cracks down on after-school tutoring sector, sending shares sinking

HONG KONG—China confirmed it would take drastic steps to restrain the country’s booming after-school tutoring industry, prompting further selloffs in stocks such as New Oriental Education & Technology Group Inc.  EDU, -54.22%  on Monday. The restrictions, published over the weekend by state media,are the most recent regulatory assault on a fast-growing part of the Chinese economy. They […]

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Bitcoin rallies, tops key technical level for first time since early May

The price of bitcoin rallied over the weekend, trading above its 50-day moving average for the first time since early May. Bitcoin BTCUSD, +10.42% surged Saturday and into Sunday, recently trading at $37,973. according to CoinDesk, after recovering from its dive below the $30,000 level on Tuesday. Bitcoin is up nearly 20% over the past […]

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